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    Description

    1793 S-1, B-1 Cent, AU50
    Famous Chain AMERI. Variety

    1793 1C Chain, AMERI., S-1, B-1, R.4, AU50 PCGS. CAC. Breen Die State III with a bulge at the 1 of the date, and another over the U of UNITED. A glass is necessary to see the faint clash marks. The Chain AMERI. cents were the first cents coined for circulation at the Philadelphia Mint early in 1793. Die state evidence proves that this variety, the Sheldon-1, was the first variety struck in Philadelphia, and therefore the first coin issued for circulation at the new Mint. These are historic coins.

    Although shy of the traditional Condition Census, this example is clearly finer than most others that we have seen or handled. The Low R.4 rating that Breen assigns to this variety suggests that between 150 and 200 are known in all grades. The present piece clearly ranks within the top 20% of those known, and likely falls within the top 10% of surviving examples.

    We know that the Chain cents were struck at the end of February or in March. In his Large Cent Encyclopedia, Breen recorded eight deliveries of large cents from the Chief Coiner to the Mint treasurer that took place from March 1 to March 12. At the time of the next delivery on April 9, 1973, the design was changed to the Wreath cent.

    This example has sharp design definition and smooth olive, light chocolate, and steel-brown surfaces. Myriad tiny planchet flakes on the obverse are as struck. A trivial rim bruise at 10 o'clock on the obverse will serve to identify this piece. Our EAC grade VF35.
    From The Watermark Collection.

    Coin Index Numbers: (NGC ID# 223G, Variety PCGS# 35432, Base PCGS# 1340)

    Weight: 13.48 grams

    Metal: 100% Copper


    View all of [The Watermark Collection ]

    View Certification Details from PCGS

    Auction Info

    Auction Dates
    January, 2020
    8th-12th Wednesday-Sunday
    Bids + Registered Phone Bidders: 31
    Lot Tracking Activity: N/A
    Page Views: 1,591

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